Market Report for Aug 26 2020
Look for quality set ups. Taking too many trades will not help you make more money and will only hinder your trading. Quality over quantity.
Level 3 trades have been taken at this time
Nasdaq Composite +27.8% YTD
S&P 500 +6.6% YTD
Dow Jones Industrial Average -1.0% YTD
Russell 2000 -5.8% YTD
NYSE Vol: 713 mln
Nasdaq Vol: 3.4 bln
The S&P 500 and Nasdaq Composite printed new highs. Totally off the pace was Dow Jones Industrial Average once again.
CRM soared on better than expected earnings and hits a new ATH with a 17.5% gain.
Over the past few days we have been taking some Level 3 trades but the market is still offering a lack of opportunities which is mainly due to the S&P 500 proximity to the resistance and low range bars since the breakout.
Lets go trade!